$10,000 Closing Credit*
$945,000
1,985 SqFt
3 Beds
•2 Full Baths
Jon Zickert, Listing Office: REO-TCBeulah-Frankfort-233027
Is 49617, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 49617 has remained a Seller's Market.
Key Takeaway
49617 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49617, MI
How much do homes in 49617, MI cost?
Median Sold Price
$400,000
$253/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$20,250(-4.8%)
Key Takeaway
Homes in 49617 have sold for 4.8% less than they did a year ago.
Summary: The median home sold price in 49617 was $400,000 in October 2024, down 4.8% from last year, and the median price per square foot was $253.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $150K | - | N/A |
| 2 Bedrooms | $328.7K | $350K | +6.5% |
| 3 Bedrooms | $459K | $400K | -12.9% |
| 4 Bedrooms | $320.5K | $460K | +43.5% |
| 5+ Bedrooms | $1.0M | $1.5M | +51.2% |
Summary: 49617 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.5%, 3 bedroom homes decreased by 12.9%, 4 bedroom homes increased by 43.5%, and 5+ bedroom homes increased by 51.2%.
Housing Supply in 49617, MI
How many homes are available in 49617, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 19 | 23 | +21.1% |
Summary: The 49617 real estate market had 23 homes for sale in October 2024, a 21.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 4 | +100.0% |
| 3 Bedrooms | 11 | 12 | +9.1% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 49617 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 4 | +300.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49617, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in 49617 in October 2024, up by 300.0% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 49617, MI
How long does it take to sell a home in 49617, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 76 Days | 98 Days | +29.2% |
Summary: Homes in 49617 had an average of 98 days on market in Oct 2024, up by 29.2% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 49617 has remained consistent over time.
Summary: During October 2024, 4 homes were sold in 49617; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.